An electronic portal called eRegulations, which aims to facilitate international investors’ access to information related to foreign investment procedures in Vietnam, was launched in Ho Chi Minh City on July 2.

Deputy Head of the Foreign Investment Agency Nguyen Noi stressed that the information portal gives detailed instructions on enterprise establishment formalities in Vietnam for foreign investors.

Enterprises and investors now can access step-by-step guides on investment and business procedures in Hanoi, Da Nang and HCM City, the northern provinces of Hai Duong and Vinh Phuc and the central provinces of Binh Dinh and Phu Yen, he added.

Frank Grozel, an expert from the United Nations Conference on Trade and Development (UNCTAD), said the portal will help foreign investors save time and expenses when searching for information on investment and business procedures in Vietnamese localities.

The portal, which offers instruction manuals in Vietnamese, English, Korean, Chinese and Japanese, also effectively supports Vietnam’s trade promotion and investment attraction.

Developed by UNCTAD in 2005, eRegulations has been installed in nearly 30 countries nationwide so far. Vietnam is the first nation in Asia to apply the system.-VNA